Spotted this in the @Coinbase earnings infographics. This is a huge milestone - onchain Bitcoin loans, powered by @MorphoLabs markets and liquidity from @MoonwellDeFi's $mwUSDC Flagship Vault! https://t.co/VHmkkFLHTV
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You know everything I've said about the Ripple lawsuit for the last four years? The hours and hours of videos, analysis, posts, research?
NEVERMIND.
:)
Genius! #MOONWELL $well knows how to make #defi much more efficient and easier to utilize for those who are not tech savvy. This is how it gets done! Automatic loading, another big piece to the complete masterpiece being assembled in front of our eyes! World 🌎 are you ready?!💯
Blending physical and digital worlds to create an experience unlike any other.
Lucid Gravity’s intuitive interface, customizable buttons and heads-up display help drivers stay focused on the road ahead. While parked, Sanctuary mode can transport you to some of the most serene places on Earth through a multi-sensory experience.
And with Lucid’s over-the-air updates, the in-car experience will only continue to improve.
Learn more and order yours today: https://t.co/yy1WO7jrSP
#RoadToLucidGravity #LucidMotors #Technology #EV #UIUX
To the @EtherFi, @KelpDAO and @eigencloud communities: you can now borrow against your restaked ETH and do your holiday shopping, all without selling!
Come build your tomorrow at https://t.co/Lik0kSE4hP!
What if we all just staked, borrowed, and never sold this cycle? 🤔
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Two countries in South America we are seeing heavy Moonwell Card usage in are Argentina and Brazil... both countries who's past and current government money printing have led to high inflation.
Brazilians and Argentinians are quite literally voting with their $... $USDC
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The Moonwell Card unlocks a higher quality of life for two categories of people:
1. Crypto investors who would like instant purchasing power in US dollars:
- Within seconds, send your Bitcoin or staked Ethereum from @Coinbase to @Base and borrow against it to shop, without incurring taxable events
2. Digital nomads, the unbanked and people in developing countries that want to transact in US dollar backed stablecoins like $USDC:
- Auto Load the card from Moonwell's Flagship vault, powered by @MorphoLabs, which enables you to earn on most of your USDC, while automatically reloading your card
Here are some things @MoonwellDeFi and @Cypher_HQ_ thought deeply about that make a great product experience:
- Onboarding is free, requires only a lightweight KYC, and you can immediately get a digital card that works online and with Apple and Google Pay.
- The Visa debit card is accepted at over 44 million merchants globally, is free forever (no annual fee), and has some of the most competitive Forex rates when shopping at non-US merchants.
- Behind the scenes, @Circle offramps your USDC to the partner bank, so funds are available in minutes. This simple and fast card load experience is enabled by the stablecoin payment infra @Base and @Circle have been building since 2023.
Things to note:
- Physical cards will be available in January 2025, for those that would prefer them
- A premium version of the card will come in metal versions, which waives the 0.5% USDC load fee and reduces the Forex fees, for power users or those with high card spend
Stablecoin powered payments are the first real world use case for crypto and many projects across the @MoonwellDeFi and @Base ecosystem are building products that leverage them... Please let us know what features you'd like to see next!
Thanks to:
- @Circle for making $USDC and $EURC available on @Base
- @Base and @Coinbase for building $cbBTC and $cbETH that enable borrowing against your crypto
- @Cypher_HQ_ for supporting the card site, co-developing features such as Auto Load, and fulfillment and support
- @Gauntlet_xyz for managing risk and keeping suppliers and borrowers safe in Moonwell markets
- @MorphoLabs, and risk curators @BlockAnalitica and @BProtocolEth for keeping vault depositors safe
- @SolidityLab, @Elliot0x and @anajuliabit for developing the Permit2 contracts for Auto Load
- @HalbornSecurity for auditing the Auto Load contracts
- @x0sol and others for building the frontend features
🌜💳🌛 Introducing Moonwell Card — Leveraging what's yours has never been easier!
Shop, dine, and travel globally while keeping your assets onchain.
Accepted at 44+ million merchants worldwide, Moonwell Card makes spending your crypto effortless.
Victory has a thousand fathers, but make no mistake. The courage of Brad and Chris, and the resilience and expertise of Ripple Team Legal (most of whom are nameless and never sought the Twitter spotlight) paved the way. Ripple provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto. We kept the door open long enough for the industry to survive and seize this incredible moment. The faith and support of the XRP Army provided much-needed hope in the darkest days. Thank you.